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| Irish distributing company adds Zhone's POL solution to its product portfolio to enhance offerings for its enterprise customers |
Oakland, CA, Dec 5, 2014 - (ACN Newswire) - Zhone Technologies, Inc. (NASDAQ: ZHNE), a global leader in the fiber access market, today announced a new FiberLAN distribution agreement with Temple, a distributing company headquartered in Dublin that provides connectivity solutions to enterprise companies throughout EMEA. Temple is a leading advocate for Passive Optical LAN (POL) in EMEA and is dedicated to communicating its value within the region. The company knew its enterprise customers would benefit from the partnership because Zhone's POL solution, FiberLAN, will enable enterprises to improve energy efficiency and reduce operating costs and infrastructure complexity.
According to a market report published by Transparency Market Research, in 2013, the global Passive Optical LAN market was valued at USD $9.89 billion. By 2020, the industry is estimated to be valued at USD $33.88 billion. POL enables enterprises to meet today's increased demand for bandwidth, while saving space, decreasing power consumption and increasing infrastructure lifespan. The solution ensures the network is fully capable of meeting business needs for high-speed data, voice and video.
"Understanding the growth potential for the POL market, Temple selected Zhone as a partner due to the flexibility and scalability of its FiberLAN solution, along with its diverse range of ONT options," said James Wilkie, Optical LAN development director for EMEA at Temple. "We are focused on providing exceptional customer service and delivering high quality products at competitive prices, and are excited to expand our product offerings to include all the benefits FiberLAN can provide for our enterprise customers."
"By partnering with Zhone, Temple provides customers access to one of the most advanced, cost effective and environmentally friendly Passive Optical LAN solutions available in the market for enterprises," said James Norrod, chief executive officer at Zhone Technologies. "By deploying FiberLAN, these enterprises have access to the necessary bandwidth and connectivity to keep businesses running and fully operational while also increasing network reliability."
Zhone's Fiber-based LAN is a high-performance, high density GPON-based Passive Optical LAN solution delivering high speed data, voice and video to multi-level, multi-unit commercial and industrial complexes, including hotel rooms, bandwidth demanding desktops and work-stations. It can be deployed in offices, rooms, factories or other harsh industrial environments, delivering comprehensive connectivity for any Local Area Networking requirement.
Zhone continues to provide innovative access solutions, delivering voice, video and data services over copper and fiber. For more information on Zhone's FiberHome(TM) portfolio please visit http://www.zhone.com.
About Temple
Temple is a privately held specialist distributor of infrastructure connectivity systems for the enterprise data & telecommunications markets. Temple's company ethos is to provide exceptional customer service and innovative technologies. For further information visit www.temple-emea.com.
About Zhone Technologies
Zhone Technologies, Inc. (NASDAQ: ZHNE) is a global leader in the fiber access market, serving more than 750 of the world's most innovative network operators. The IP Zhone is the only solution that enables service providers to build the network of the future today, supporting end-to-end Voice, Data, Entertainment Social Media, Business, Mobile Backhaul and Mobility service. Zhone is committed to building the fastest and highest quality All IP Multi-Service solution for its customers. Zhone is headquartered in California and its products are manufactured in the USA in a facility that is emission, wastewater and CFC free.
Zhone, the Zhone logo, and all Zhone product names are trademarks of Zhone Technologies, Inc. Other brand and product names are trademarks of their respective holders. Specifications, products, and/or product names are all subject to change without notice.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "goal," "intend," "may," "plan," "project," "seek," "should," "target," "will," "would," variations of such words, and similar expressions are intended to identify forward-looking statements. In addition, forward-looking statements include, among others, statements that refer to financial estimates; projections of revenue, margins, expenses or other financial items. Readers are cautioned that actual results could differ materially from those expressed in or contemplated by the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, commercial acceptance of the Company's products; intense competition in the communications equipment market; the Company's ability to execute on its strategy and operating plans; and economic conditions specific to the communications, networking, internet and related industries. In addition, please refer to the risk factors contained in the Company's SEC filings available at www.sec.gov, including without limitation, the Company's annual report on Form 10-K for the year ended December 31, 2013 and the Company's quarterly reports on Form 10-Q for the quarters ended March 31, 2014, June 30, 2014 and September 30, 2014. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update or revise any forward-looking statements for any reason.
Contacts
Aurora Arlet
Edelman for Zhone Public Relations
Tel: +1-404-460-8578
E: aurora.arlet@edelman.com
Zhone Investor Relations
Tel: +1-510-777-7013
Fax: +1-510-777-7001
E: investor-relations@zhone.com
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Zhone Technologies, Inc via Globenewswire
Topic: Press release summary
Source: Zhone Technologies
https://www.acnnewswire.com
From the Asia Corporate News Network
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